CSX Announces Senior Leadership Changes (Courtesy of Street Insider) — CSX Corp. (NASDAQ: CSX) today announced the appointments of Mark K. Wallace as executive vice president of CSX, Kevin S. Boone as executive vice president of sales and marketing, and Sean R. Pelkey as vice president and acting chief financial officer.
In his new role, Mr. Wallace will focus on special projects and initiatives supporting the president and chief executive officer. Mr. Wallace continues to receive treatments for cancer but remains committed to helping deliver on the company’s strategic growth initiatives.
James M. Foote, president and chief executive officer said: “These appointments demonstrate the depth of CSX’s leadership and place us in a position of strength. Kevin’s proven track record of implementing and executing successful strategic initiatives will provide strong direction to CSX’s sales and marketing team as we focus on capturing sustainable and profitable growth. Sean’s broad experience at CSX as well as his deep knowledge of our industry will continue to strengthen our financial performance and shareholder value.”
Kevin S. Boone, executive vice president of sales and marketing said: “I am honored to have the opportunity to lead CSX’s growth initiatives and build upon the strong foundation Mark has established. CSX has never been in a better position to drive growth as we leverage industry-leading service and deliver new innovative solutions to our customers.”
Mr. Boone, who most recently served as executive vice president and chief financial officer, joined the Company in September 2017 as a vice president responsible for investor relations. He then was appointed vice president of marketing and strategy to lead research and data analysis to advance growth strategies. Mr. Boone has over 18 years of experience in finance, mergers and acquisitions, and accounting, primarily focused on the transportation and industrial sectors. He earned a bachelor’s degree in accounting from the University of Florida and a master’s degree in business administration from the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School.
Mr. Pelkey joined CSX in 2005, and most recently served as vice president, finance and treasury. Pelkey has over 16 years of experience in finance and capital management, and previously served as assistant vice president, capital markets and investor relations. He holds a master’s degree in business administration from the University of Florida and a bachelor’s degree in sociology from Boston University.
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.